Latest Release:
2023 Silicon Valley Index
February 15, 2023 – Silicon Valley is perched on solid ground despite growing income and wealth divides, persistent racial inequities, and a dwindling population, according to the 2023 Silicon Valley Index, just released by Joint Venture’s Institute for Regional Studies. The Index shows that population declined by tens of thousands, home prices rose by 7%, childcare costs rose twice as quickly as inflation, and wages were inadequate for the rising cost of living. “We see hundreds of thousands of meals required of our region’s food bank, and childcare cost rising twice as quickly as everything else,” said Rachel Massaro, Director of Research for the Institute.